In a China first, low-altitude sector hits turbulence as subsidies face reality check

Hangzhou tech hub looks to end financial incentives for development of light aerial vehicles, including eVTOLs, signalling more optimised regulations after June crash A major Chinese tech hub is moving to pull the plug on dedicated funding for its low-altitude economy, making it the first city in the country to propose repealing a full financial support package for the sector. Hangzhou’s initial policy took effect two years ago and was originally set to remain in force through the end of next year. It spans key segments of the sector – from enterprise establishment and technological innovation to new low-altitude flight routes and infrastructure buildout – offering differing amounts of fiscal rewards.

Read the full article at the source →